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| Re: M-V combo (558799) | |||
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Re: M-V combo |
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Posted by SMAZ on Fri Jan 25 02:54:42 2008, in response to Re: M-V combo, posted by Russ on Thu Jan 24 16:29:24 2008. Lower Manhattan is an area far less room for real estate growth, and the real estate is already at the high end of the market.That's very true. However the Water St corridor has a lot of residential real estate planned. This will of course attract other businesses catering to the new residents. Tax receipts should rise significantly there especially if a subway is close. In other words, money budgeted for the Water St subway can be partially diverted into a Nassau connection. The remainder plus the added tax reciepts along Water St should then pay (or come close to paying) for the Water St segment below Chatham Sq. That final segment shouldn't have any problems getting federal and State financing either considering where it runs. It's also in Sheldon Silver's district. |
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